Businesses need to pay CEBA loans or lose free money — because the deadline isn't changing

By WNews 1 Min Read

Some businesses in Canada who took out a CEBA loan may be hoping in vain for a last-minute reprieve and one more chance at free money from the federal government, but others involved say it’s time to move past trying to shift the deadlines for repayment.

The federal government has indicated the deadline to pay back up to $60,000 in loans issued as part of the Canada Emergency Business Account, or CEBA, program isn’t going to be postponed again after being extended to Jan. 18.

If the loans are paid back by that date, businesses could have up to $20,000 forgiven of the

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Reading: Businesses need to pay CEBA loans or lose free money — because the deadline isn't changing

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